Startups in Sheffield
Sheffield has strengths in advanced manufacturing, steel-tech and digital. The South Yorkshire Mayoral Combined Authority can help with local grants and advice, and our funding page explains how we help you get ready for a loan, a grant or investment.
What should Sheffield engineering firms know about capital allowances and R&D relief?
Advanced manufacturing and engineering businesses across South Yorkshire buy expensive equipment, and the way it is claimed changes the tax bill. Machinery normally qualifies for the Annual Investment Allowance, and companies can claim full expensing on qualifying new plant. Relief falls in the accounting period of the purchase, so buying just after the year end delays it by twelve months. Engineering work that seeks an advance in science or technology and resolves genuine technical uncertainty can also qualify for R&D relief, including work on materials and manufacturing processes.








